Trust
Services
A
corporation may employ us for any of the following services:
Trustee
for Employee Benefit Program – As trustee for
Pension and Profit Sharing Plans, we work very closely
with the plan administrator, even though our major function
and responsibility is the management of the funds deposited
with us. Those funds are managed prudently to assure that
the pensions will be paid, and/or that funds set aside
from the company’s profits will be distributed to
the participants when due.
Custodian
or Investment Manager – We offer the same services
to corporations that we offer to individuals. In addition
to normal investment management services, we offer corporations
complete cash management assistance. We work with appropriate
company personnel to determine cash flow needs, and recommend
an investment program that fits with that determination.
Trustee for Thrift and Employee Savings Plans –
As trustee under an agreement for a corporation’s
Thrift or Employee Savings Plans, we act as an agent to
hold assets of the trust for the benefit of the participants.
Under such a plan, we receive payments to the funds, purchase
securities, maintain custody of cash, securities and records,
and, under terms of the plan, make distribution of cash
and/or securities to the beneficiaries.
Trustee
of Business Insurance Plans – A corporation may
purchase insurance on the lives of its officers, employees
or other key people, and make those policies payable to
us as trustees. A trust agreement would set forth what
is to be done with the assets upon the death of the insured,
or the maturity of the policies. Such arrangements are
particularly appropriate in buy-sell agreements among
the owners of a business.
Miscellaneous
Arrangements – From time to time in business
transactions, the services of a third party are required.
In such instances, we are prepared to provide such services
through the necessary agency, depository or trustee arrangement.
For
Further Information...
The
professional experience of our Trust Department is available
at your convenience. We have the special knowledge and
training to help build, retain, manage and distribute
your estate.
Whether
for you, your family, or your business, we will be pleased
to discuss how our services can be of benefit to you.
Norman Martin, Senior Vice President
Phone (606) 451-0388
nmartin@ebank.ky
Scott
Broyles, Assistant Vice President
Phone (606) 451-0388
sbroyles@ebank.ky
Vicky
Godsey, Assistant Trust Officer
Phone (606) 451-0388
vgodsey@ebank.ky
